FCPO Updates

Daily Futures Commentaries: [FCPO Malaysia Palm Oil] 28/6/2018 - 1st day strong rebound to above 2300

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Publish date: Thu, 28 Jun 2018, 10:21 AM
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28/6/2018

 
*FCPO Sep 18*
 
Previous Close: 2315 +38
 
FCPO jumped to its highest in over a week as tracking gains in related edible oils. US soyoil not much changes while Dalian palm olein retreat from its gains frm up nearly 1% to only +0.33%, FCPO may test resistance 1st
 
Daily chart showed a technical rebound, may retest middle line of BB which is around 2340.
 
 *Classic Support & Resistance*
Resistance: 2366 2399
Support: 2271 2238
 
 *Recommend Trading Plan for the day:*
1. Buy 2320, stop 2312, profit 2328/2336.
 
 *FCPO Margin Requirement*
Intraday MYR 2250
Overnight MYR 4500
Spread MYR 1200
 
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